What’s Ahead for PrairieSky Royalty Ltd After Today’s Huge Increase?

 What's Ahead for PrairieSky Royalty Ltd After Today's Huge Increase?

The stock of PrairieSky Royalty Ltd (TSE:PSK) is a huge mover today! About 251,893 shares traded hands. PrairieSky Royalty Ltd (TSE:PSK) has risen 21.03% since April 26, 2016 and is uptrending. It has outperformed by 15.80% the S&P500.
The move comes after 5 months positive chart setup for the $7.27 billion company. It was reported on Nov, 30 by Barchart.com. We have $34.26 PT which if reached, will make TSE:PSK worth $436.20M more.

PrairieSky Royalty Ltd (TSE:PSK) Ratings Coverage

Out of 6 analysts covering Prairiesky Royalty (TSE:PSK), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $36 is the highest target while $21 is the lowest. The $28.91 average target is -10.55% below today’s ($32.32) stock price. Prairiesky Royalty has been the topic of 23 analyst reports since July 28, 2015 according to StockzIntelligence Inc. As per Monday, June 6, the company rating was maintained by Raymond James. The stock of PrairieSky Royalty Ltd (TSE:PSK) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, October 26. BMO Capital Markets downgraded PrairieSky Royalty Ltd (TSE:PSK) rating on Friday, February 12. BMO Capital Markets has “Market Perform” rating and $24 price target. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, November 25. The rating was downgraded by Dundee Securities to “Neutral” on Tuesday, January 12.

More notable recent PrairieSky Royalty Ltd (TSE:PSK) news were published by: Marketwired.com which released: “Canadian Natural Resources Limited Completes the Distribution of PrairieSky …” on June 07, 2016, also Business.Financialpost.com with their article: “PrairieSky Royalty Ltd’s land base seeing lots of activity” published on September 12, 2016, Business.Financialpost.com published: “Canadian Natural Resources Ltd sells most of its royalty lands to PrairieSky …” on November 09, 2015. More interesting news about PrairieSky Royalty Ltd (TSE:PSK) were released by: Theglobeandmail.com and their article: “The Globe and Mail” published on June 01, 2014 as well as Business.Financialpost.com‘s news article titled: “PrairieSky Royalty Ltd. soars 32% in market debut” with publication date: May 29, 2014.

PrairieSky Royalty Ltd. is a Canada company, which holds a portfolio of fee simple mineral title, and gas and oil royalty interests in Canada. The company has a market cap of $7.27 billion. The Company’s properties are located in British Columbia, Alberta, Saskatchewan and Manitoba. It has a 500.39 P/E ratio. The Company’s assets include the Fee Lands, encompassing approximately 8.8 million acres; the GORR Interests, encompassing approximately 6.6 million acres of the GORR Lands; the GRT Interests, encompassing approximately 0.2 million acres of the GRT Lands; approximately 0.2 million acres of Crown Interest Lands primarily in Alberta, and the Seismic License to certain seismic data of Encana Corporation, encompassing approximately 40,010 kilometers of two dimensional seismic and over 10,760 square kilometers of three dimensional seismic.

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